Why Crypto Investors Should Hold On

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Many investors converted their respective cryptocurrencies into fiat after the market pulled back in early 2018. This became a force that further led to the falling of the total market capitalization. The market capitalization will rise and fall depending on the number of people that hold or convert their cryptocurrency. The recent fall of the coins crashed the hope of some investors and critics felt vindicated.

Why is this healthy for the market?

The market pullback is the best time for existing investors to buy more and a better time for newbies to come into the market. Brian Kelly, a portfolio manager at BKCM Digital Asset Fund said to crypto investors in his second and last golden rule of investment that, crypto-investors should not sell their coin when there is a 20 percent and 30 percent rise.

According to him, this just indicates that the asset is gathering momentum to shoot up to the top. This can directly be related to the current state of the market as some coins are recording a 20 percent rise. He also advised that assets should not be sold when cryptocurrency takes a deep fall. Understanding how the market works will easily create investors into people who believe in the future, not the present gambling of the digital assets.

As mentioned in most of my writings, recession periods like what has been happening in the market recently are not new and are really healthy for the market. This is the time to buy more as the market gathers momentum. Many experts have predicted that Bitcoin (BTC), for instance, will trade around $100,000; others also predicted $200,000 and even $400, 000. The most interesting aspect is that Tom Lee, a cryptocurrency analyst was predicting a huge breakthrough for Bitcoin (BTC) at the point when the market was falling.

Ethereum (ETH) recently took a deep fall to as low as $430. Bitcoin cash (BCH) and many other coins were partakers of that fall. Today, Ethereum (ETH) is trading around $661 while Bitcoin Cash has taken residence in the $1391 after falling below $1000 recently. The bottom line is that investors who purchased these coins at the $430 and the $930, respectively, would gain a lot in this green moment.

Bitcoin (BTC) has had countless market pullbacks in the past but still managed to reach $20,000 all-time high. With regards to this, it is quite laughable when the crypto market is predicted to burst soon when these "minor circumstances" entangle it.

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Disclosure:

I have received no additional compensation other than the Ethereum that Hade Technologies pays to produce Exclusive Content

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